Randeep Ramesh actually tapped a useful and complex modern economic policy of economy (Labor can see the money it wants no taxes. This is an Austerity by Amnesia, 29 June). But his opinion that the Bank of England must hand over the money revenues from Quantitative Highning (Qt) and the Independence of Central Bank is a man who is responsible for the economic economic difficulties, stray.
The independence of the central bank is difficult to overcome and most proven to be a great success in the developed world for more than 30 years. Allowed a central bank to provide many currencies from QT revenues of Treasury can be a recipe for disaster, against the Spirit if not a dangerous introduction.
It’s better, there is merit to push Ramesh to coordinate fiscal policy and money better. Neither the repository or the bank cannot be prevented from criticizing their failures to act in the past with the inevitable rates to increase in late 2021-early 2022, before the War in Ukraine. Similarly, the repassuryury may have acted in a more nuanced fashion to remove the government’s headed stimulus package.
Kevin Newman
London
A large thanks to Randeep Ramesh for explanation of Quantitative Easting implications (QE) and Qt. This crazy orthodoxy only gives public money to banks and towns. In 2007-08, the Governor of the bank, Mervyn Kingrestricted about “moral hazards” for banks about their risky behavior, but after it’s public purse from hitting from the end. It is a parasitic system directed by the city and oligarchy welfare. Genton’s liberation of Brown’s bank is a mistake, inspired by his concern for being assured of the city not a threat. Running the economy is deep political and ideological, and the idea that only the state technologies can be reliable in money policy.
Rachel Reeves make the same mistake by trying to adapt to his office spending for budget predictions (OBR). The creation of the obr is a George Osborne wheeze to help her evil austerity policy, endangered to reverse.
Wood in Philip
Kidlington, Oxfordshire
